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Mar 24, 2013 11:25am EDT
continuous way to changes in the outlook. as we make progress toward our objective, we may adjust the rate of flow purchases accordingly. we will not do that every meeting. but when we see the situation has changed in a meaningful way, we will adjust the range of purposes to keep the level of accommodation consistent with the outlook and to help provide the markets with a sense of how much progress is being made so they can make better judgments. >> [indiscernible] >> as i just described what i mean by substantial improvement, it is a broad based improvement and a range of indicators, as well as improvement in output of labor demand. we see partial and modest improvement. we see a time in which labor markets are doing stronger, then we might improve accommodation at that point. if the labor market were to weaken or the outlook would get worse, we can bring accommodation back to the previous level. >> i have to come back to the issue of adjusting the flow rate. are we near that time right now? how can the market calibrate the number two changes? let's say we had 236,000 jobs per month and t
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